The New Business Plan: More Data, Less Detail

As an entrepreneur about to take the plunge of writing my own business plan, I found this article a refreshing view on the aged old business plan format and approach. Worth a read.

The Information Age

10.30.13 Data in Business Plans

Story provided by OPEN forum – 

Today’s business plan should be chock full of industry analysis. But don’t take our word for it. We asked the OPEN Forum community what they thought of this new numbers-driven plan.

Having a business plan that charts your intended course and helps you plan for the unexpected can keep you on track with your company goals. While there are many aspects to a business plan, one ingredient is an industry analysis.

Recently, OPEN Forum community member Angela Dougall asked, “Why is an industry analysis so important when putting a business plan together?

As it turns out, there are several good reasons to include an industry analysis in your business plan.

Important First Step

An industry analysis is a critical, and necessary, first step before you define your plan, says Erik Otto, president and co-founder of InSpark Technologies, a small business that…

View original post 628 more words

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One thought on “The New Business Plan: More Data, Less Detail

  1. Pingback: Nice Business Plan Photos | Cool Income Biz

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